ABT is shown on a 4H chart as setting up for a short trade. Demand and Summply Zones are charted by the LuxAlgo indicator. Price touched the supply zone five times in December- January then descended and touched the demand zone several times in mid-March. Fundamentally, earnings reports have been solid. Medical stocks are generally independent of the...
Hello Traders👋🏻 On The Daily Time Frame, The USDCHF Price Reached a Supply Zone (0.89761-0.89878) ✔ The Price Failed To Create New Higher High 📈 Currently, USDCHF formed a Double Top Pattern ✔ The Neckline is Broken 🔥 If Price Stays Under The Key Zone USDCHF Can Continue The Bearish Move 📉 ----- TARGET: 0.88780🎯 ___________ if you agreed with this IDEA, please...
Hello Traders 💖 On The Daily Time Frame The AUDCAD Price Reached A Resistance Level 0.91064-0.90806 ! Currently, The Price Failed to Create new Higher High 📈 If Price Stays Under The Key Zone, AUDCAD Can Continue The Bearish Move 📉 ----------- TARGET: 0.89800🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Prices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the...
Hello Traders 💖 On The Daily Time Frame The USDNOK Price Reached A Resistance Level 10.55525-10.60426 ✔ Currently, The Price Broke The Key Level (Resistance Level Becomes New Support Level) If Price Stays Above The Key Zone, USDNOK Can Create New Higher Low and Continue The Bullish Move 📈 ----------- TARGET 1: 10.68262🎯 TARGET 2: 10.74918🎯
I always do the same & it usually works more often than it doesn't; but thats not the point What is important is to cut the losses & let the winners run. In a world of 50/50 probability. There are four outcomes to a trade. a big win, a big loss, a small loss and a small win. If we can eliminate the big loss; the small win/loss will even themselves out. And we are...
Welcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Hello Traders👋🏻 On The Weekly Time Frame, The CHFJPY Price Reached a Major Key Level (151.071-151.494) ✔ The Price Failed To Create New Higher High 📈 Currently, CHFJPY formed a Head and Shoulders Pattern ✔ The Neckline is Broken 🔥 So, I Expect a Bearish Move 📉 ----- TARGET 1: 148.686🎯 TARGET 2: 147.700🎯 ___________ if you agreed with this IDEA, please leave a...
- Price creates Buy Side Liquidity on the 1H TF, then clears this liquidity by taking out its highs - Price then retraces back down with displacement (aggressive selling) on the 15m TF, taking out multiple lows on the way down - Price moves back up to the 5m FVG that is in the premium zone (above the 50% FIB) and we go short here - SL set a few ticks above the 5m...
What's up traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH hourly chart. No need to beat around the bush, let's dive right in... Ticker: ETHUSDT Date: 04/26/23 T imeframe: 1H Key Levels: Supply: 1935-1965 (1st red zone), 1990-2005 (2nd red zone) Demand: 1800-1825 (green zone) Other key levels: 1875-1890...
On The Weekly Time Frame, The USOIL Price Reached a Major Key Level (80.46-83.32) ✔ The Price Failed To Break This Resistance Level ! So, I Expect a Bearish Move 📉 i'm waiting for a Successful Breakout in Support Trendline 🔥 ----- TARGET: 74.35🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
On NZDCHF, I have identified a supply zone in which the price has bounced multiple times without breaking through. As the price went down, it created a demand zone which it used as a support level. In fact, the price has been ranging during the past week. Today, I noticed a break of the lows within the demand zone, so I will proceed to use this zone as a potential...
In EURNZD, a very strong resistance zone has been formed. The price has breached this zone in the last few hours, creating a small supply that, according to the strategy I use, I will use as an entry point for a short trade. Let me know your thoughts in the comments. Happy trading to everyone, bye.
Earning 4/25/2023 before Market. (Miss) Open GAP and ran into Supply Zone, sell pressure confirmed Supply Zone. Short Sell 139 Stop 150 Target 117, 100 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
In USD/CAD we have a supply that was broken this morning. The price hit my stop loss in the previous short trade. However, subsequently it created a demand that allowed me to enter a long position. Risk-reward ratio is 1:6. Let me know what you think in the comments. Have a nice Trading, Bye!
In this chart, I have identified two areas, a supply and a demand zone, which I have previously used to close a long trade. Within the supply zone, there is another area of interest that, depending on the strategy applied, will be used as a starting point for a long trade. Let me know your thoughts in the comments. Happy trading, bye.